Soaring CEO wages merit close scrutiny

PUB. DATE

August 1997

SOURCE

Plastics News;08/04/97, Vol. 9 Issue 23, p12

SOURCE TYPE

Trade Publication

DOC. TYPE

Editorial

ABSTRACT

Opinion. Comments on pay increases granted to top executives in the plastics industry of the United States, in comparison to their employees. Information on average pay increases for chief executive officers; Increasing use of stock options to tie executive pay to corporate performance.

Reports on the absence of an increase in custom injection molders' average machine-hour rates in the second quarter of 1995. Prior increases; Regional differences in terms of rates; Factors making up machine hour rates. INSET: Want to participate?..

Presents Information on a survey by the Society of the Plastics Industry Incorporated (SPI) which shows that salaries in the plastics industry of the United States are in the Midwest. Statistical information representing the survey; Comments from John Dugan, president of J.H. Dugan & Associates...

The article presents statistics on a variety of topics in the plastic industry including the average hourly rate paid to machine operators, the average number of employees, and the average amount of resin consumed at plant.

The author discusses increases in the wages of North American plastics industry employees as of July 2013, focusing on the results of surveys from the Manufactures Association for Plastics Processors and the Society of Plastics Engineers as well as the North American automotive market.

This article presents information on the U.S. plastic industry. The employees in 2004 account for 1,304,100. There are nearly 15,597 establishments in 2004. Material cost in the same year amounted to $168 billion.

Statistics are presented related to the Canadian plastics industry, which includes the average hourly operator wage, the number of workers at the average Canadian extrusion plant and machine utilization rate at the average extrusion shop.